Category: Economics Current Affairs

National Startup Advisory Council : Sixth Meeting To Be Held Soon The sixth meeting of the National Startup Advisory Council (NSAC) is to be held soon. National-Startup-Advisory-Council was constituted by the Department for Promotion of Industry and Internal Trade (DPIIT). It works under the Minister of Commerce and Industry It advises the government on measures […]

Money Laundering Provisions On Cryptocurrencies: The government has recently imposed money laundering provisions on cryptocurrencies. The Finance Ministry said the anti-money laundering legislation has been applied to crypto trading, safekeeping and related financial services. The notification said, Exchange between virtual digital assets and fiat currencies, Exchange between one or more forms of virtual digital assets, […]

National Assessment And Accreditation Council : Facing Allegations The National Assessment and Accreditation Council (NAAC) has been facing allegations of irregularities in its functioning. There have been calls for the NAAC to adopt an Outcome-based approach (rather than a self-assessment input-based approach): In an outcome-based, the emphasis would be given to finding out if students […]

What Is Hindu Rate Of Growth? Former Reserve Bank of India (RBI) governor Raghuram Rajan recently said India was “dangerously close” to the ‘Hindu rate of growth’. Hindu Rate of Growth is a term describing low Indian economic growth rates from the 1950s to the 1980s, which averaged around 4%. The term was coined by […]

Hallmark Unique Identification Number: Bureau of India Standards (BIS) has prohibited the sale of hallmarked gold jewelry or gold artefacts without 6-digit alphanumeric Hallmark Unique Identification Number (HUID) after 31st March 2023. Hallmarked jewelry lying with consumers as per old schemes shall remain valid. Earlier, the old hallmarked jewelry with 4 marks without HUID was […]

Har Payment Digital Mission: At the launch of the ‘Har Payment Digital’ mission during the Digital Payments Awareness Week (DPAW) 2023, the Reserve Bank of India (RBI) has launched a programme to adopt 75 villages and convert them into digital payment enabled villages in observance of 75 years of independence. Under the initiative, Payment System […]

Emergency Credit Line Guarantee Scheme (ECLGS) : Extension The Union government is looking at a possible extension of the Emergency Credit Line Guarantee Scheme (ECLGS) amid global economic uncertainty and expectation of slower domestic growth next fiscal. Emergency Credit Line Guarantee Scheme (ECLGS) was launched by the Government of India in 2020 as a special […]

Liberalised Remittance Scheme (LRS): India’s wealthy individuals have invested all their surplus foreign remittances in various securities over the last few months to comply with a Reserve Bank of India (RBI) diktat that ended last week. In August 2022 RBI had directed that any money remitted overseas by Indian residents that remains unutilised for more […]

SWAMIH Fund : Report Since its inception in 2019, the SWAMIH Fund has completed over 20,557 homes The Special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund is India’s largest social impact fund specifically formed for completing stressed and stalled residential projects. The Fund is sponsored by the Ministry of Finance, Government of India, […]

SATHEE Platform: The Ministry of Education (MoE) is set to launch a self-assessment platform for Indian students. SATHEE Platform is a new initiative by the Ministry of Education in association with IIT Kanpur. It provides Indian students with a self-paced interactive learning and assessment platform to prepare for competitive and other exams. It will help […]